Veeva Systems Q3: Making Progress With Vault CRM; Reiterating 'Strong Buy'
Portfolio Pulse from
Veeva Systems reports strong Q3 growth with a 13.4% increase in revenue and a 30% rise in adjusted operating income, driven by successful Vault CRM migration and new customer acquisitions. The company is expanding AI offerings within Vault CRM, enhancing customer experience and retention. Veeva's FY25 revenue growth is projected at over 15%, with a one-year target price of $270 per share.
December 06, 2024 | 5:30 am
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Veeva Systems shows strong Q3 performance with significant revenue and income growth, driven by Vault CRM migration and AI expansion. FY25 revenue growth is projected over 15%, with a target price of $270.
Veeva Systems' strong Q3 results, driven by Vault CRM migration and AI expansion, indicate positive business momentum. The projected revenue growth and target price suggest a favorable outlook, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100